Blue Owl Capital Co. (NYSE:OBDC) Short Interest Down 18.2% in September

Blue Owl Capital Co. (NYSE:OBDC) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 3,820,000 shares, a decline of 18.2% from the August 31st total of 4,670,000 shares. Based on an average trading volume of 2,000,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.1% of the company’s shares are sold short.

Blue Owl Capital Trading Down 1.5 %

NYSE OBDC opened at $14.77 on Monday. The stock’s 50 day moving average is $14.89 and its 200 day moving average is $15.50. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $5.76 billion, a PE ratio of 7.58 and a beta of 0.87. Blue Owl Capital has a twelve month low of $12.99 and a twelve month high of $16.91.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The firm had revenue of $396.76 million for the quarter, compared to analysts’ expectations of $388.84 million. Research analysts forecast that Blue Owl Capital will post 1.91 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.06 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, September 30th. Blue Owl Capital’s dividend payout ratio is currently 74.75%.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio bought 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the transaction, the director now directly owns 9,016 shares in the company, valued at $135,420.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp raised its holdings in Blue Owl Capital by 19.4% in the 1st quarter. Van ECK Associates Corp now owns 8,150,533 shares of the company’s stock worth $125,355,000 after acquiring an additional 1,326,277 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Blue Owl Capital by 10.4% during the second quarter. LSV Asset Management now owns 4,492,981 shares of the company’s stock valued at $69,012,000 after purchasing an additional 423,934 shares in the last quarter. Stephens Inc. AR purchased a new stake in shares of Blue Owl Capital during the fourth quarter valued at $45,575,000. Sound Income Strategies LLC increased its holdings in Blue Owl Capital by 4.2% in the 2nd quarter. Sound Income Strategies LLC now owns 2,712,077 shares of the company’s stock worth $41,658,000 after buying an additional 108,485 shares in the last quarter. Finally, Sage Advisors LLC raised its position in Blue Owl Capital by 6.7% in the 2nd quarter. Sage Advisors LLC now owns 1,925,424 shares of the company’s stock worth $29,575,000 after buying an additional 120,115 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OBDC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods decreased their price target on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 20th. Wells Fargo & Company decreased their target price on shares of Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. Raymond James cut shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.94.

About Blue Owl Capital

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.